Interest rates continued their hot streak since the FED decided not to taper a week and a half ago. Interest rates improved 4 of the 5 days last week and interest rates are now at their lowest levels since June.

30 Year Fixed dropped to 4.125%, 20 year fixed to 4% and 15 year fixed to 3.25%.

Now is a really good time to take advantage of the pricing drop as we don’t know how long this will last. This will be a very volatile week with the Government shutdown looming and also the September employment report on Friday.

There is a lot of uncertainty coming our way.

Also just a reminder – FHA has reduced the waiting period to 1 year after a short sale, purchase and bankruptcy to qualify for a new loan. Please contact me if you are 1 year out of one of these situations and would like to look into buying again.